Crypto Recovery Accelerates, Market Jumps $250 Billion, BTC at $22K By CoinEdition


© Reuters Crypto Recovery Accelerates, Market Jumps $250 Billion, BTC at $22K
  • The global cryptocurrency market cap is now $1.05 trillion, which is up 0.72% in the past day.
  • After the collapse of FTX, FTT, Serum, Maps, and Oxygen gained traction.
  • BTC is currently trading at $22,786 after experiencing a growth of 33.4% in the past 14 days.

It appears that the recovery of cryptocurrencies has accelerated as the market is seeing a $250 billion jump. The global cryptocurrency market cap is now $1.05 trillion, which is up 0.72% in the past day.

After the dramatic collapse of one of the largest cryptocurrency exchanges FTX, its native tokens FTT, Solana, Serum, Maps and Oxygen are gaining momentum. The data reveals that FTT has risen by 120.1% in the last 30 days. FTT’s jump was fueled by speculation that officials see FTX getting its customers’ money back and, therefore, may start over.

Similarly, Solana, who received a lot of support from FTX founder Sam Bankman-Fried (SBF), was also expected to suffer due to the bankruptcy of the cryptocurrency exchange. However, Solana managed to trade at $24.21 after rising by 5.01% in the past seven days and is among the top 10 altcoins.

The serum, which also garnered sponsorship from the SBF, tripled to 43 US cents in three weeks. SRM stock is currently trading at 0.413 after seeing a growth of 158.3% in the past 14 days. As for Maps and Oxygen, both crypto projects are up more than 50% in January.

Away, aloof, apart…

Cryptocurrency Recovery Speeds Up, Market Jumps $250 Billion, BTC At $22K Debuts Coin Issue.

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